Close Menu
The Reporters
  • Home
  • News
  • Politics
  • Crime
  • Health
  • Features
  • Economy
  • Environment
  • Entertainment
  • Business
  • Technology
  • Education
  • Sports
  • Tourism
  • Judiciary
  • Judiciary
  • Foreign
  • Agriculture
  • Religion
  • Weather
  • Banking
  • Labour
  • Faith
  • Advertisment
Facebook X (Twitter) Instagram
  • Home
  • Lifestyle
  • Travel
  • Buy Now
Facebook X (Twitter) Instagram Pinterest Vimeo
The Reporters
  • Home
  • News
  • Politics
  • Crime
  • Health
  • Features
  • Economy
  • Environment
  • Entertainment
  • Business
  • Technology
  • Education
  • Sports
  • Tourism
  • Judiciary
  • Judiciary
  • Foreign
  • Agriculture
  • Religion
  • Weather
  • Banking
  • Labour
  • Faith
  • Advertisment
Subscribe
The Reporters
Environment

NASENI Makes First Strategic Investment in Powerstove

AdminBy AdminMay 24, 2024Updated:May 24, 2024No Comments2 Mins Read
Spread the love

,,,,To Boost Production, Carbon Credit Initiatives.

Picture:2nd Left: EVC/CEO of NASENI, Mr. Khalil Suleiman Halilu and Founder CEO, Powerstove Energy, Okey Esse, during the signing of the Memorandum of Understanding (MoU) at the Agency’s headquarters in Abuja

By Dawud Ahmed .

The National Agency for Science and Engineering Infrastructure (NASENI) has announced its first-ever investment in Powerstove, a pioneering Nigerian company specializing in the production of cookstoves, having significant experience in carbon credit projects.
This is contained in a statement in Abuja,signed by Mr. Olusegun Ayeoyenikan,Director Information
in the Agency and made available, copy to The Reporters on Thursday in Lokoja.
 
According to him,this strategic investment marks a major milestone in NASENI’s on-going efforts to combat global warming and foster a sustainable ecosystem by Nigerian companies dedicated to decarbonization.

As part of this investment, NASENI would provide both capital for growth and technical assistance to Powerstove, enabling the company to scale its production from 100 thousands units to over one million units per year,the director added.

He quoted the Executive Vice chairman/CEO of the Agency, Mr. Khalil Suleiman Halilu, as saying that the substantial increase in production capacity would not only meet the growing demand for clean and efficient cookstoves but also significantly contribute to reducing carbon emissions in Nigeria.  

“Powerstove boasts as the largest local carbon credit project for a private company in Nigeria, currently valued at 4.5 million carbon credits.

“With this investment, NASENI is not only supporting an impact-driven enterprise but also positioning itself to benefit from carbon credit revenue, thereby reinforcing its commitment to sustainable development,” Halilu said.

The Executive Vice Chairman said the investment underscored the strong commitment of NASENI’s leadership to address climate change proactively and to build a resilient and sustainable ecosystem of innovative Nigerian companies with the potential to drive decarbonization efforts.

The NASENI boss expressed optimism that the management of the Agency looked forward to witnessing the positive impact of this partnership on Nigeria’s environmental and economic landscape.

 

 

Visited 30 times, 1 visit(s) today
Previous ArticleBrightest To Remain As UK Settles For Mandatory English Test For Migrant Graduates.
Next Article Tinubu, 7 Other African Leaders Attend Déby’s Inauguration As Chad’s President.
Admin

Related Posts

Ahead of Heavy Rains, N-HYPPADEC Clears Drains in 7 LGAs in Kogi

June 27, 2025

Stakeholders Push for Marine Debris Law to Save Nigeria’s Waters

June 27, 2025

Mokwa Flood Relief Group Lauds Tinubu, Bago, Urges Inclusive, Lasting Solutions

June 24, 2025

Leave A Reply Cancel Reply

Recent Posts
  • Ahead of Heavy Rains, N-HYPPADEC Clears Drains in 7 LGAs in Kogi
  • Kogi Chief Judge Seeks Stronger Police-Judiciary Collaboration for Justice Delivery
  • Summit University, Offa Calls for Applications to Prestigious IFF Professorial Chair in Accounting
  • Kogi Becomes First State to Launch Ease of Doing Business Handbook — Ododo
  • Kogi Trains Over 2,000 Youths in CNG Conversion to Tackle Unemployment, Boost Clean Energy
© 2025 The Reporters. Designed by Domo Tech Media .
  • Home
  • Contact Us
  • About Us
  • Posts
  • Privacy Policy

Type above and press Enter to search. Press Esc to cancel.